Small galleries struggle as art market booms

While major players in the art market are thriving, small galleries are suffering under rising costs. Many are being forced to close. The article highlights the growing divide between large, established galleries and smaller operations, which face increasing financial pressures from rent, staffing, and other expenses. This trend has accelerated in recent years, with numerous small galleries shutting down in cities like New York, London, and Berlin. The situation reflects broader economic challenges in the art world, where the gap between the top tier and the rest continues to widen.